Highlights of the Year:

Tadpole sells Hardware Division, becomes a focused Web software developer
and enabler

Software business grew 24%, margins improved 50%

Loss of 6.6 million (2001 - 7.2 million) before goodwill amortisation
and currency exchange ahead of market expectations

Cartesia subsidiary strengthened its strategic business alliance with
ESRI, won multi-million pound ESRI-based project with UK mapping agency
Ordnance Survey to help build and maintain the digital face of Britain

Endeavors Technology subsidiary wins early contracts, including Mitsubishi
Motors of America; introduces new on-demand applications distribution
solution, develops new solution for secure interoperability of popular
instant messaging (IM) platforms used in the enterprise

Outlook - Group has sufficient financing facilities to support current
business plan and strategy, Cartesia expected to be profitable by end of
current year, Endeavors intellectual property remains a strong foundation on
which to develop the Group's business

Bernard Hulme, group chief executive of Tadpole Technology plc, comments:

'The past two years has seen Tadpole invest strongly in developing its software
capability. We believe that the quality, value add and early return on
investment that these innovative products can now bring to customers enables the
Group to look for notable progress in fiscal 2003.'


http://www.uk-wire.co.uk/cgi-bin/articles/200301281752547424G.html



T22

LONDON (AFX) - Tadpole Technology PLC cut its loss for the year to Sept 30
2002 before goodwill amortisation and currency exchange to 6.6 mln stg from 7.2
mln a year earlier and said the outlook for its Cartesia unit is positive as it
approaches profitability in the second half of the current year.

The group's other unit, Endeavors intellectual property, remains a strong
foundation on which to develop the group's business, it said.

The group said that although it is expecting to incur an operating loss in
the financial year ending Sept 30 2003, it has sufficient financing facilities
to support its current business plan and strategy.

Chief executive Bernard Hulme said: "The past two years has seen Tadpole
invest strongly in developing its software capability. We believe that the
quality, value add and early return on investment that these innovative products
can now bring to customers enables the group to look for notable progress in
fiscal 2003."

For the year under review, the group's pretax loss was 11.14 mln stg
compared with a loss of 7.8 mln. The loss includes an impairment charge on the
goodwill of the hardware division, which was sold on Dec 23, of 2.9 mln stg.
Turnover was 16.7 mln, down from 24.6 mln. The loss per share was 5.7 pence
compared with a loss of 4.3 pence.

Turnover in the hardware division declined 36 pct to 14.9 mln stg. Turnover
in the software businesses, principally Cartesia, increased 22 pct from 1.5 mln
stg to 1.8 mln, while operating loss before goodwill amortisation and foreign
exchange reduced from 6.7 mln to 6.1 mln. Endeavors continued its R&D investment
phase throughout the year, with expenditure focused on product and market
development.

Good to see you here T22.Look forward to your contributions.

Thanks, Nathan.


T22

Titanium22
Congratulations you are the first one to get two threads on the same share :)
Does this mean it will be two bagger?
M

PS
Hmmm maybe PDX got there first!

Hi Martini,

I remember you well from the original E*Trade days and then the beta-trials of ADVFN. Hmmm - how time flies...... :))

It would be nice if TAD was an "anything-bagger" these days... a two-bagger would be icing on the cake.

But we can live in hope....!!

Regards,



T22 (reincarnated on a few boards a couple of years ago - and no, don't ask)

Thats worth a LOL and yes at my back I oft time hear times winged chariot drawing near.

nice to look back

LOL!!!!!